Ice cream, pan masala and tobacco manufacturers cannot opt for GST composition scheme under which businesses are allowed to pay lower tax rate if their turnover does not exceed Rs 75 lakhAlso, makers...
The tax return document is a requirement that needs to be fulfilled by entrepreneurs and employed people. They have to fill in their income and capital gains every year and submit it to the HM Revenue...
Preparing tax returns is a common as well as compulsory task that every business has to perform every year. Each business has its own demands while preparing such returns. Some business owners may...
Business environment is dynamic in nature and to withstand with this changing environment it is essential to have well planned accounting system. Accounting statements indicates the profit and loss of...
One person company is a new form of business introduced by the companies Act, 2013. It gives a single promoter full control over the company while limiting his liability to contribution to the...
E-form 24 is required to be filed for striking off the name of the LLP under clause (b) of sub rule 1 of Rule 37 of LLP Rules 2008. Winding up of an LLP may be voluntarily or compulsorily.Voluntary...
Anti-profiteering means to stop a person from earning unreasonable profit through sale of goods and services It mandates a manufacturer and others in the supply of chain to pass on the benefits...
THE CREDIT GUARANTEE FUND SCHEME FOR MICRO AND SMALL ENTERPRISESIt is launched by the Government of India to provide collateral free finance to the micro and small enterprise sector.The Amount is...
Indian Private Limited Company must have Minimum two share holders and two DirectorsOne of the directors must be an Indian Resident i.e. (Must be stayed in India for 182 days or more in the preceding...
First-rate accounting practices play a crucial role in the financial growth of a company. Your accounts need to provide a true picture of how the business is progressing so that you can make the...
GST stands for goods and service tax. It is the biggest tax reform since 1947. Goods and Service Tax will replace all the indirect taxes levied on goods and services by the state and the central...
People, in general, do not like the audit procedure. They dislike the auditors who can be involved even more. Additionally, there are two distinct kinds of individuals who submit their records for...
If you want to make more money, apart from income, investment is the only option. Keeping money in banks is not going to give you high returns, and thus you should always look for investments. There...
If you have a small business or large business it is mandatory to pay the tax for everyone and it is usually the dreaded time of the year when you have to made several arrangements for its payment. It...
Being a responsible citizen of your country it is your duty to pay the tax every year. It is very daunting task for every business owner to do the tax preparation. It is very complicated to file the...